Investment Agreement for Nam Dinh 1 thermal power plant project signed
The General Department of Energy, under the Ministry of Industry and Trade, on January 18 signed an agreement with foreign investors to build a thermal power plant in northern Nam Dinh province.
Hanoi (VNA) – The Generalಞ D🅠epartment of Energy, under the Ministry of Industry and Trade, on January 18 signed an investment agreement with Taekwang Power Holdings Co. Ltd of the Republic of Korea (RoK), and Saudi Arabia’s Acwa Power to build a thermal power plant in northern Nam Dinh province.
The 2 billion USD plant will house two turbines with a total capacity of 1,200 MW, using coal supplied by the Vietnam National Coal-Mineral Industries Group.
The build-operate-transfer (BOT) project is significant to the economic development of Nam Dinh and other northern provinces, as well as to ensuring national energy security.
Addressing the signing ceremony, Minister of Industry and Trade Vu Huy Hoang asked the project’s relevant sides to promptly complete investment licence procedures.
He also urged Nam Dinh to make preparations for measuring, compensation and land clearance work to implement the project as soon as possible.
The project, together with the Vietnam-RoK Free Trade Agreement which took effect on December 20, testifies to the two countries’ efforts in realising their strategic partnership, the official said.
Representatives of the General Department of Energy, and local leaders also promised optimal conditions for the investors to ensure the progress of the project.-VNA
Quang Ninh province's historic rainstorm this week severely disrupted the area's coal supplies, and could temporarily shut down several thermal power plants.
The Power Holding Corporation under the Vietnam National Coal and Mineral Industries Group (Vinacomin) held a ceremony to kick off construction of the Na Duong II power plant.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The signing ceremony (Source: Acwa Power)
